What is the determinant of the price a monopoly... - SS2 Economics Price And Quantity Determination Under Monopoly Question
What is the determinant of the price a monopoly charges for its product?
A
The point on the demand curve where the quantity produced intersects
B
The point on the supply curve where the quantity produced intersects
C
The total revenue earned by the monopoly
D
The average cost of production
correct option: a
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